This significant discovery, spearheaded by
The exploration program, driven by a skilled team of geologists and explorationists at Planet X, resulted in the collection of 231 rock grab samples across the property. An in-depth analysis confirmed the presence of spodumene-bearing pegmatite dykes, reinforcing the monumental nature of this discovery in
Breakdown of the Discovery
Peak Values: In the spodumene-rich pegmatite zone, 6 samples averaged an impressive 6.82% Li2O, reaching highs of 7.25% Li2O.
Other Anomalies: 15 samples exhibited readings over 0.02% Li2O.
Adding to the excitement, an extensive trend, spanning about 9 kilometres and containing anomalous and enriched LCT pegmatite veins and dykes has been mapped out. This discovery emphasizes the regions potential for hosting further high-grade lithium mineralization. The discovery zone contains visual spodumene with an estimated abundance varying between 1-50% within the pegmatite matrix and the extent of the zone is currently open in all directions.
Anticipated maps detailing the discovery will be shared once received. This announcement fortifies Pegmatite One's commitment to unveiling superior lithium sources pivotal for the evolution of green and sustainable technologies.
Contact:
Tel: +1 (416) 481-2222 x228
Email: kelly@pegmatiteone.com
LCT pegmatites are a type of rare granitic formation named for their main mineral components: Lithium (L), Cesium (Cs), and Tantalum (Ta). These pegmatites are highly mineralized intrusions, typically characterized by large crystals and are a significant source of rare metals.
In geological terms: LCT: This acronym stands for the three elements - Lithium, Cesium, and Tantalum. The LCT family of pegmatites are a particularly interesting and economically important class because they contain many minerals used in modern technology, including lithium, which is crucial for rechargeable batteries in electric vehicles and various electronic devices.
The presence of LCT pegmatite veins and dykes is significant because it indicates the potential presence of valuable minerals, especially lithium, which has growing demand in various industries, particularly in the manufacturing of batteries for electric vehicles and renewable energy storage.
Quality Assurance / Quality Control ('QA/QC')
Grab samples were managed by
About
Pegmatite One is listed on the Canadian Securities Exchange and is focused on the exploration for lithium and gold. The Company is committed to responsible mining practices and operates two mineral exploration properties in
Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedarplus.ca.
The Canadian Securities Exchange and its Regulation Services Provider do not take responsibility for the accuracy of the content of this news release.
Forward-Looking Statement
This news release contains forward-looking statements as per applicable securities laws. Such statements, not rooted in historical fact, often use terms like 'may,' 'anticipate,' 'expect,' 'potential,' 'believe,' 'intend,' or their negatives. Key anticipations include: the
The statements hinge on several assumptions and expected future events: the Company's capability to conduct timely and cost-effective activities; maintenance of mineral tenures and concessions; managing economic and financial conditions; navigating exploration and mining hazards; future metal prices; potential discoveries; obtaining timely exploration permits; monetizing mineral resources; abiding by environmental laws; dependence on key personnel and competition in the mining sector.
However, numerous risks could cause actual outcomes to vary significantly from these predictions. These risks encompass: delays and inflated costs; failure to maintain concessions; inability to address economic downturns; unexpected operational hazards; metal price fluctuations; regulatory changes; failure to obtain required permits promptly; inability to realize property potentials or to uphold commitments and unforeseen shifts in the global transition to green technologies.
Readers should note the inherent risks in forward-looking statements, understanding that plans or expectations might not materialize. While such information is deemed reasonable when created, there's no assurance that the anticipated events will transpire. Changes can occur post the date of this release, and the Company isn't bound to update these statements, barring any legal obligation.
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